Legal Residence given for $500,000 loans for I-95

Chuckt

Gold Member
Joined
Jul 3, 2013
Messages
3,909
Reaction score
1,493
Points
248
Last April, the Turnpike Commission signed a $200 million loan agreement with a newly created firm, DVRC Pennsylvania Turnpike L.P., which plans to collect at least $500,000 each from foreign investors, expected to be primarily from China.

The firm will then lend the money to the turnpike, at lower-than-market rates, for construction of the I-95 connection.

Such financing deals are made throughout the United States under the federal Immigrant Investor Program, created by Congress in 1990 to grant "EB-5" immigration visas to wealthy investors who provide money to U.S. projects that will create at least 10 American jobs within two years.

The investors and their families get a quick path to legal residence in the United States.

$155M approved to link I-95 and Pa. Turnpike - Philly.com
 

Most reactions - Past 7 days

Forum List

Top